George Soros Gives $8Billion For Charity

George Soros is one of the founders and the major funder of Central European University Budapest. The billionaire investor gave out $18billion of his wealth to the Open Society Foundations for charity some year back but this information was not disclosed for a long time until recently. The funds given to the Open Society has transformed it the second largest philanthropic charity organization in America next to the Bill and Melinda Gates Foundation.

The Open Society Foundation was founded by George Soros over 30 years ago and the organization is in over 120 countries around the world. The Open Society supports movements for democracy and human rights. Recently, they have placed focus on protecting gay rights police abuse in the United States.

Reports have been given by George Soros financer that aside from the $18 billion, the foundation will receive an additional $2 billion to enable them to continue with their efforts to support the rights groups in Asia for many years.

The reason for the donation is not just to bring justice to criminals but also for the benefit of societies so they can also have clean water to drink. There have been reports produced by the World Resources Institute about paper mill industries in Indonesia, Petro-chemical plants in Thailand and gold mining companies in Mongolia whose activities have been threatening the lives of people in their local communities.

The report goes further to ensure that the governments across the region publish when the clean water used for drinking or farming has been polluted. The people are supposed to be informed that their source of drinking water is no longer safe to be consumed. It is their right to question the actions of their government and also the activities of the private companies around them.

The Open Society have also used funds to support the treatment of Ebola by providing funds to the treatment centers during the outbreak in 2014. They also fund support to fight against hate crimes. They made effort to protect the citizens of the United States from the National wave of hate crimes after the election in 2016.

Mr. Soros has long been a philanthropist even during his early years. He has committed over $10 million in the past to prevent violence and hate crimes.

According to Darren Walker, President of Ford Foundation, the open foundation has made a huge impact in the world compared to other foundations for the past two decades. The foundation has been actively involved in it charity causes in every part of the world.

The foundation spends over $900 million yearly for grants and other programs. Mr. Soros fortune is managed by Soros Fund Management and they are responsible for the operations of the Open Society eve Mr. Soro is still very much involved in the organizations work. and Follow him Twitter.com